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☆ US prosecutors charge Andrew Left, a prominent short-seller, with fraud
▼ + stars: | 2024-07-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN —Federal prosecutors in California on Friday charged prominent investor Andrew Left with multiple counts of securities fraud involving “a long-running market manipulation scheme” yielding at least $16 million in profit. Short-sellers, including Left, often present themselves as researchers sniffing out misleading or fraudulent businesses through independently published reports on their targets. Left, 54, was charged with one count of engaging in a securities fraud scheme, 17 counts of securities fraud, and one count of making false statements to federal investigators. Each securities fraud count carries a maximum prison sentence of 20 years. Separately, the SEC on Friday accused Left and his firm of running a $20 million scheme to defraud his social media followers by publishing false and misleading reports.

Persons: Andrew Left, “, Citron, Left, ” Citron, ” Organizations: New, New York CNN, Federal, Justice, Left, Citron Research, Enron, Securities and Exchange Commission, SEC Locations: New York, California

☆ Short seller Andrew Left charged with fraud by prosecutors, SEC
▼ + stars: | 2024-07-26 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Federal prosecutors have criminally charged the well-known short seller and analyst Andrew Left with securities fraud related to allegedly using his public platform to illegally profit to the tune of at least $16 million from manipulating stock market activity contrary to positions he presented to the public from 2018 through 2023. The indictment notes that Left is a frequent guest commentator on CNBC and other business cable news channels. Prosecutors said that Left used Citron's online platform to comment on publicly traded companies and claim that their stock was incorrectly valued by the market. Left, who previously lived in Beverly Hills, California, is charged in the indictment with one count of engaging in a securities fraud scheme, 17 counts of securities fraud, and one count of making false statements to federal investigators. If convicted, he would face a maximum possible sentence of 25 years in prison for the securities fraud scheme alone.

Persons: Andrew, Citron, L.A ., Akil Davis Organizations: Andrew Left, Securities and Exchange Commission, Boca, Attorney's, SEC, CNBC, Los Angeles Field Office, Prosecutors Locations: Boca Raton , Florida, Los Angeles, U.S, L.A, Beverly Hills , California

☆ Prominent Short Seller Made Millions Off Bait-and-Switch Scheme, U.S. Says
▼ + stars: | 2024-07-26 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

Federal prosecutors and securities regulators filed criminal and civil fraud charges against a well-known investor who frequently appeared on cable TV business shows to discuss his often bearish views on stocks, the authorities said on Friday. They accused the investor, Andrew Left, of raking in at least $16 million in illegal profits from a multiyear scheme to manipulate market prices of roughly two dozen stocks on which his firm, Citron Research, had published reports. He is charged with illegally profiting through stock trades he made that were contrary to the public recommendations he was making to investors. The authorities in Los Angeles said Mr. Left essentially used a bait-and-switch strategy that was at odds with his Wall Street reputation of being a vocal short seller, with supposedly long-held negative views of the stocks on which he published critical reports. The charging documents said Mr. Left, 54, used his high profile on Wall Street to make quick profits from big price changes in a stock and misled investors by making them believe his economic interests were aligned with what he said in his reports.

Persons: Andrew Left Organizations: Citron Research Locations: Los Angeles

☆ Feds accuse famed short-seller Andrew Left of fraud and market manipulation
▼ + stars: | 2024-07-26 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

Andrew Left, a short-seller known for his research and social-media activity, has been accused of fraud. The Justice Department alleges that Left "knowingly exploited his ability to move stock prices." He rose to prominence because of his work on Valeant but more recently took big losses on GameStop. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAndrew Left, the famed short-seller who made millions betting against public companies, has been charged with fraud by federal prosecutors.

Persons: Andrew Left, —, Citron, Left — Organizations: Department, GameStop, Service, Citron Research, Justice Department, Left, Valeant Pharmaceuticals, Health, Enron, Business

☆ Prosecutors Say Immunity Ruling Has No Bearing on Trump’s Conviction
▼ + stars: | 2024-07-25 | by ( Ben Protess | Jesse Mckinley | ) www.nytimes.com time to read: +1 min

Manhattan prosecutors are urging the judge who oversaw Donald J. Trump’s criminal hush-money trial to uphold his conviction, seeking to cast doubt on the former president’s long-shot bid to overturn the case because of a recent Supreme Court ruling. Instead, the Manhattan prosecutors noted, he was convicted in May of covering up a sex scandal that had threatened to derail his 2016 campaign, a personal and political crisis that did not involve his conduct as president. Mr. Trump’s lawyers, seeking to link the two cases, have mounted a novel argument. In a recent filing to the judge who presided over the Manhattan trial, Juan M. Merchan, they contended that the Supreme Court’s decision had invalidated at least some of the evidence presented in Manhattan, including the testimony of former White House employees and tweets that Mr. Trump sent as president. The Supreme Court, they noted, had held that official acts could be inadmissible as evidence — even if a case concerned private misconduct.

Persons: Donald J, Trump, Juan M Organizations: White, Manhattan, White House Locations: Manhattan, Washington

☆ NY fights to save Trump hush-money sentencing, saying it's a harmless error if evidence he's immune from entered the case
▼ + stars: | 2024-07-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewManhattan prosecutors are fighting to keep Donald Trump's September 18 hush-money sentencing on track, saying in a new filing Thursday that it was "harmless error" if evidence he's now immune from entered the case. But Trump would have been indicted and convicted even if evidence the defense calls "official" were removed, the filing adds. AdvertisementThe filing argues that Trump is wrong in now stamping much of the prosecutor's case "official act evidence." But these tweets describe unofficial acts unrelated to Trump's official duties, and for which he has no immunity, the prosecution filing now argues. Lawyers for Trump did not immediately respond to requests for comment on the prosecution filing.

Persons: —, Donald Trump's, Attorney Alvin Bragg, Trump, Stormy Daniels, SCOTUS, Donald Trump, Jane Rosenberg, Bragg, Matthew Colangelo, Daniels, Michael Cohen, Hope Hicks, Trump's, Cohen, Madeleine Westerhout, caselaw, Juan Merchan Organizations: Service, Attorney, Business, Trump Organization, Manhattan, White House, Trump Locations: Manhattan

☆ Andrew Tate’s defamation lawsuit against human trafficking accuser can proceed, judge says
▼ + stars: | 2024-07-25 | by ( Associated Press | ) edition.cnn.com time to read: +5 min

Fort Lauderdale, Florida (AP) — A judge says controversial social media personality Andrew Tate’s defamation lawsuit against a Florida woman who accused him of imprisoning her in Romania can move forward, but he threw out Tate’s allegations against her parents and some allegations against the woman. Romanian officials indicted the Tates last year, saying the brothers forced seven victims into pornography and subjected them to physical violence. Her attorneys say the lawsuit is in retribution for her reporting him to authorities. Curley dismissed the Tates’ accusations that the woman’s parents defamed them when they told American diplomatic officials about their daughter’s allegations. Attorneys for the Tates and the woman each said Curley’s decision was a win for their side.

Persons: —, Andrew Tate’s, Joseph Curley, Tristan, Curley, ” Curley, Joseph McBride, Judge Curley’s, Andrew, Tristan Tate’s, ”, Dani Pinter, Andrew Tate Organizations: Circuit, Associated Press, Tate, National Center, Sexual, Britain, Prosecutors, YouTube, Facebook, BBC Locations: Fort Lauderdale , Florida, Florida, Romania, Palm Beach, American, Moldovan, Great Britain, United States, Britain

☆ Ismael “El Mayo” Zambada: US operation to capture Sinaloa cartel leaders had the help of one of the captured men: a son of ‘El Chapo,’ official says
▼ + stars: | 2024-07-25 | by ( Emma Tucker | Polo Sandoval | Evan Perez | ) edition.cnn.com time to read: +9 min

Ismael “El Mayo” Zambada, 76, the alleged co-founder and leader of the powerful Sinaloa cartel, was arrested in El Paso, Texas, Thursday, Attorney General Merrick Garland said in a statement. Another alleged cartel leader, Joaquin Guzman Lopez, 38, was also arrested, he said. But Zambada didn’t know US investigators had exploited a rift in the Sinaloa cartel and Guzman Lopez was helping with Zambada’s capture, the official said. Ismael “El Mayo” Zambada, a historic leader of Mexico’s Sinaloa cartel, left, and Joaquín Guzmán López, a son of another infamous cartel leader, after they were arrested by US authorities in Texas, the US Justice Department said Thursday. “Ismael Mario Zambada Garcia is the long-time leader of the Zambada Garcia faction of the Sinaloa Cartel.

Persons: CNN —, Ismael “ El, General Merrick Garland, Joaquin Guzman Lopez, Guzman, Joaquin “ El Chapo ” Guzman, Zambada, Guzman Lopez, Ismael “ El Mayo ” Zambada, Guzmán, Rosa Icela Rodriguez, “, ” Rodriguez, Andres Manuel Lopez Obrador’s, Rodriguez, Rodriquez, ” Garland, extraditions, “ Ismael Mario Zambada Garcia, Zambada Garcia, Christopher Wray, ” Wray, Anne Milgram, El, ”, Vicente Zambada Niebla, Chapo, “ El, “ El Mayo ” Zambada Organizations: CNN, Ismael “ El Mayo ” Zambada, FBI, Reuters, Ismael “ El Mayo ”, US Justice Department, US Department of State, AP, Mexico’s National Immigration Institute, Cessna, Justice Department, US State Department, Drug, Administration, ”, Sinaloa Cartel, Eastern, of, ” CNN, “ El Mayo ”, Police, Border Patrol Locations: Mexican, United States, Sinaloa, El Paso , Texas, Mexico, El Paso, Santa Teresa, “, Mexico’s Sinaloa, Texas, Hermosillo, Illinois, Chicago, Guatemala, Brooklyn, of New York, Ciudad Juarez, American, Juarez, Columbus , New Mexico

☆ New York prosecutors say evidence in Trump trial was ‘overwhelming’ and conviction should stand
▼ + stars: | 2024-07-25 | by ( Kara Scannell | Jeremy Herb | ) edition.cnn.com time to read: +3 min

CNN —Manhattan prosecutors said there is no basis to overturn Donald Trump’s conviction in the hush money case after the Supreme Court’s ruling on presidential immunity. Any error, they argued in a filing Thursday, is “harmless” when viewed against “overwhelming evidence” of the former president’s guilt. Prosecutors with the Manhattan district attorney’s office said the conviction should stand. They also noted that Trump’s attorneys didn’t raise objections during the trial to most of the evidence they now question, arguing they can’t now challenge it after the trial. According to Hicks, Trump said it would have been bad for Stormy Daniels’ allegations to have come out before the election.

Persons: Donald Trump’s, Hope Hicks, Trump, –, didn’t, ”, “, ’ ”, ’, Hicks, Stormy Daniels, Honig, what's, SCOTUS, Daniels Organizations: CNN, Manhattan, White House, Twitter, Prosecutors, Trump, CNN Prosecutors Locations: Manhattan

☆ Renewed calls for passage of George Floyd Justice in Policing Act after fatal shooting of Black woman in her home
▼ + stars: | 2024-07-25 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +7 min

Body-camera footage released Monday showed the fatal police shooting of the 36-year-old Black woman who had called 911 for help. Here’s what you need to know about the George Floyd Justice in Policing Act, what happened to it and its chances of passing. The measure seeks to ban racial and religious profiling by law enforcement at the federal, state and local level. It would mandate an overhaul of a legal doctrine known as qualified immunity that critics claim shields law enforcement from accountability. But policing reforms have not been a priority in a Congress where House Republicans are in the majority.

Persons: Sonya Massey, George Floyd, White, Sean Grayson, Derek Chauvin, Floyd, Chauvin, Kamala Harris, it’s, ”, Maria Ponomarenko, Joe Biden, Harris, ” Harris, Biden, Sheila Jackson Lee –, –, ” Ponomarenko, Massey, Grayson, “, Jesus, ” Grayson, Craig Futterman, ” Futterman Organizations: CNN, George, George Floyd Justice, University of Texas, Austin, Democratic, Senate, Democrats, Texas Democratic, House Republicans, Republicans, “, Illinois State Police, University of Chicago, Civil Rights, Clinic Locations: Illinois, Sangamon County, Springfield

Neumann noted the latest Europol data showed “the number of attacks and planned attacks has more than quadrupled” since 2022. The apparent uptick in the recruitment of young radicals to carry out acts of terror comes as European security officials express worries at a potential resurgence of organized – or “directed” - terror attacks. The group has built a remarkable presence in Turkey over the past three years, according to court documents and analysts. Swiss police in March arrested a 15-year-old Swiss boy and a 16-year-old Italian boy for ISIS support and plotting bomb attacks, according to a police statement. Yulia Morozova/ReutersThe extent of ISIS-K’s use of Turkey as a transit hub is acknowledged by officials in the Turkish indictment.

Persons: Peter Neumann, Neumann, ”, ” Neumann, “, Lise Jaulin, Dilara Senkaya, “ Rustam, Rustam, Yulia Morozova Organizations: CNN, ISIS, Paris Olympics, King’s College London, MIT, Swiss, Analysts, Soviet Union, Turkish, Italian Santa Maria Catholic Church, Foreign Operations, Hall, Foreign Locations: Europe, West, Paris, Islamic, Khorasan, Central Asia, Turkey, Saint, French, France, Haute, Savoie, Dusseldorf, Heidelberg, Montenegro, Austria, Afghanistan, Tajikistan, Moscow, Italian, Istanbul, Swedish, Pakistan, Tajik, Iran, Russia, Crocus, Syria, Iraq

☆ Ismael ‘El Mayo’ Zambada, co-founder of Sinaloa Mexican drug cartel, in US custody, source says
▼ + stars: | 2024-07-25 | by ( Fidel Gutierrez | Sahar Akbarzai | ) edition.cnn.com time to read: +1 min

CNN —Ismael “El Mayo” Zambada, co-founder and alleged current leader of the Mexican Sinaloa drug cartel, is in US custody, according to a diplomatic source with direct knowledge of the case. Joaquin Guzman Lopez, son of cartel co-founder Joaquin “El Chapo” Guzman and another alleged leader of the cartel, is also in federal custody, said Attorney General Merrick Garland. The Sinaloa Cartel, named after the Mexican state where the gang was formed, is one of the most powerful drug-trafficking groups in the world, known for trafficking fentanyl, methamphetamine and heroin into the United States. The latest indictment against Zambada, one of the most notorious drug traffickers in Mexico’s history, was in February. It charged him with conspiring to manufacture and distribute a substance containing fentanyl, according to the US Justice Department.

Persons: CNN — Ismael “ El, CNN — Ismael “ El Mayo ” Zambada, Joaquin Guzman Lopez, Joaquin “ El Chapo ” Guzman, General Merrick Garland, ” Garland, Zambada Organizations: CNN, CNN — Ismael “ El Mayo ”, US Justice Department Locations: Mexican Sinaloa, Sinaloa, United States, Mexico

☆ Roger Stone sentencing proposal change was ‘highly unusual’ but politics didn’t play an improper role, DOJ watchdog says
▼ + stars: | 2024-07-24 | by ( Tierney Sneed | ) edition.cnn.com time to read: +4 min

The investigation was launched after the Justice Department issued a second sentencing memo for Stone called for a prison sentence “far less” than the 7-9 year recommendation his trial team initially put forward. Stone was sentenced to 40 months in prison, but that sentence was ultimately commuted by Trump. However, the inspector general found in Wednesday’s report that even career department lawyers believe “reasonable minds” can disagree on whether the initial sentencing recommendation for Stone was too high. “Thus, we found that Barr had articulated his position about the sentencing recommendation both before and shortly after the first sentencing memorandum was filed, and before the President’s tweets,” the inspector general said. The comments during these deliberations formed a “substantial basis” for Zelinsky’s congressional testimony, the inspector general said.

Persons: Roger Stone, Donald Trump, Stone, Aaron Zelinsky, General Michael Horowitz, ” Zelinsky, Bill Barr, Barr, Trump, Timothy Shea, Shea, ”, Joshua Matz Organizations: CNN, Justice Department, Trump, DOJ, DC, Attorney Locations: DC

☆ Sean Grayson: What we know about the Illinois deputy charged with killing Sonya Massey in her home
▼ + stars: | 2024-07-24 | by ( Emma Tucker | ) edition.cnn.com time to read: +8 min

The state’s training and standards board records show Grayson’s law enforcement certification has been suspended. It is unclear why Grayson changed jobs so frequently and CNN has reached out to the other law enforcement agencies for more information. Minutes after the shooting, Grayson speaks to another law enforcement figure. Sangamon County State's Attorney's OfficeGrayson did not activate his body camera until after he fatally shot Massey, according to charging documents. Massey’s father, James Wilburn, said during a news conference Monday he initially received conflicting information from law enforcement.

Persons: Sonya Massey, he’d, Sean Grayson, WISC Massey, Breonna Taylor, Atatiana Jefferson, Ben Crump, Grayson, Kincaid, ’, Massey, “, Jesus, ”, ” Grayson, I’m, he’s, … Grayson, John Milhiser, Massey’s, James Wilburn, ” Wilburn, Crump, ” Crump, –, ” –, don’t, CNN’s Lucy Kafanov, Bill Kirkos, Eric Levenson, Jillian Sykes, Brad Parks, Andy Rose Organizations: CNN, Illinois, Pawnee, Auburn police, –, WICS, Illinois State Police, Massey Locations: Illinois, Sangamon County, Springfield, Logan, Macoupin, Sangamon, America

☆ US Army worker who stole nearly $109 million to buy mansions and luxury cars is sentenced
▼ + stars: | 2024-07-24 | by ( Associated Press | ) edition.cnn.com time to read: +3 min

Mello was a financial manager who handled funding for a youth program at the military base and determined whether grant money was available. Prosecutors said Mello used the fake organization she created to apply for grants through the military program. Mello used the money to buy millions of dollars of real estate, clothing, high-end jewelry and 82 vehicles that included a Maserati, a Mercedes, a 1954 Corvette and a Ferrari Fratelli motorcycle. “Janet Mello is a good, kind, caring and loving person that would do no harm to anyone,” Faison wrote. Please allow her to repay her debt to society by returning what she has taken but not be behind prison bars.”

Persons: Janet Yamanaka Mello, Xavier Rodriguez, Mello, Fort Sam Houston, “ Janet Mello, ”, Jaime Esparza, “, selfishly, ” Esparza, Albert Flores, ” Flores, Flores, Prosecutors, Justin Simmons, Mercedes, Simmons, Lucy Tan, Mello’s, Denise Faison, ” Faison, “ Janet Organizations: US District, Prosecutors, Fort, Child Health, Lifelong Development, Western, Western District of, Defense Locations: Texas, Fort Sam, San Antonio, Western District, Western District of Texas, Houston

☆ New York urges Supreme Court not to intervene in Trump’s hush money criminal case
▼ + stars: | 2024-07-24 | by ( Devan Cole | ) edition.cnn.com time to read: +3 min

CNN —New York’s attorney general urged the Supreme Court on Wednesday to stay out of Donald Trump’s hush money criminal case, arguing the nation’s highest court should not grant a novel request by Missouri to pause his sentencing hearing and lift the gag order imposed on the former president in the case. Earlier this month, Missouri Attorney General Andrew Bailey, a Republican, asked the Supreme Court for permission to file a complaint against New York to pause Trump’s September sentencing hearing and lift the restrictions on his speech – arguing in part that New York was infringing on the right of Missouri voters to hear from presidential candidates. “Allowing Missouri to file this suit for such relief against New York would permit an extraordinary and dangerous end-run around former President Trump’s ongoing state court proceedings and the statutory limitations on this Court’s jurisdiction to review state court decisions,” she wrote. For now, a limited gag order barring Trump from publicly speaking about prosecutors, court staff and their families remains in place at least until Trump is sentenced. CNN’s Lauren del Valle contributed to this report.

Persons: Donald Trump’s, Andrew Bailey, Letitia James, “, James, Trump’s, ”, Bailey, Trump, ” James, Stormy Daniels, CNN’s Lauren del Valle Organizations: CNN, New, Republican, Missouri, ”, Trump Locations: Missouri, New York, Manhattan

☆ Tennessee Gas Station Clerk Stole $1 Million Lottery Ticket, Police Say
▼ + stars: | 2024-07-24 | by ( Hank Sanders | ) www.nytimes.com time to read: +1 min

A Tennessee gas station clerk’s plan to cheat a customer out of a $1 million lottery ticket and to claim it for himself was thwarted after store video captured the clerk pretending to throw the ticket away and then celebrating after retrieving it from the trash, according to prosecutors. He went to Tennessee Lottery’s district office in Nashville on July 16 to cash the seven-figure winning ticket, according to court documents. But lottery employees became suspicious after analyzing Mr. Patel’s identification and hearing his story about finding the ticket in the trash, court documents said. The lottery employees then asked police to review video from the Shell station in Murfreesboro where the ticket was bought, the local station WSMV reported. “He knew it was a winning ticket,” Lt. Steve Craig of the Rutherford County Sheriff’s Office said in an interview on Wednesday.

Persons: Meer Patel, Patel, “, Steve Craig Organizations: Shell, Sheriff’s Locations: Tennessee, Murfreesboro, Tenn, Tennessee Lottery’s, Nashville, Rutherford

☆ Watchdog Finds No Evidence of Political Interference in Stone Sentencing
▼ + stars: | 2024-07-24 | by ( Glenn Thrush | ) www.nytimes.com time to read: +1 min

The Justice Department’s in-house watchdog found no evidence of political interference in the reduction of a prison sentence proposed for the longtime Trump ally Roger Stone in 2020, attributing the stunning reversal to “ineffectual” leadership, according to a report released on Wednesday. The report concluded a four-year investigation into the decision by Attorney General William P. Barr in February 2020 to reduce Mr. Stone’s proposed sentence to about three years, after initially recommending seven to nine. The episode incited accusations of political interference and prompted four prosecutors in the case to resign. He denounced the sentencing recommendation as a “miscarriage of justice.”But the inspector general, Michael E. Horowitz, concluded that Mr. Barr had argued that the more stringent sentence was unreasonably harsh before Mr. Trump expressed those sentiments. Mr. Barr was blindsided by a subordinate who had led him to believe the department would request a lesser prison term, Mr. Horowitz wrote.

Persons: Department’s, Trump, Roger Stone, William P, Barr, Stone’s, Donald J, Stone, Michael E, Horowitz Locations: Russia

CNN —Democratic Sen. Bob Menendez of New Jersey will resign his seat effective August 20, according to a copy of his resignation letter obtained by CNN. Menendez had faced mounting pressure from within his own party to resign or face the threat of expulsion from the Senate. Receipt of Menendez’s resignation letter was announced Tuesday on the Senate floor in a brief exchange between Senate Majority Leader Chuck Schumer and Presiding Officer Sen. Peter Welch, a Democrat from Vermont. “In light of this guilty verdict, Senator Menendez must now do what is right for his constituents, the Senate, and our country, and resign,” Schumer said in a statement. Menendez stepped down as chairman of the Senate Foreign Relations Committee last year, but had long rejected calls to resign his US Senate seat.

Persons: Democratic Sen, Bob Menendez, Menendez, —, Chuck Schumer, Sen, Peter Welch, Phil Murphy, Andy Kim, Curtis Bashaw, ” Menendez, “, ”, Schumer, ” Schumer, Menendez’s, Prosecutors, Nadine Menendez, Salomon Melgen, Manu Raju, Ted Barrett, Owen Dahlkamp Organizations: CNN, Democratic, Bob Menendez of New, Senate, Vermont . New, Vermont . New Jersey Gov, Democrat, Capitol, Senate Foreign, Mercedes, Benz, Hyatt Locations: Bob Menendez of, Bob Menendez of New Jersey, New Jersey, Vermont ., Vermont . New Jersey, Paris

☆ Opinion | Now Is the Time for Kamala Harris to Be Herself
▼ + stars: | 2024-07-23 | by ( Nicole Allan | ) www.nytimes.com time to read: +2 min

This idea has also characterized her tenure as vice president and driven some Democrats’ concern about her potentially replacing President Biden at the top of the ticket. In 2019, Ms. Harris was competing on progressive bona fides with the likes of Bernie Sanders and Elizabeth Warren. Hemmed in by these dynamics, Ms. Harris struggled to define her brand. This time around, Ms. Harris could finally be herself. By the time she was packaging herself for a national audience, so-called progressive prosecutors had been elected in cities across the country.

Persons: Kamala Harris’s, Biden, Harris, Bernie Sanders, Elizabeth Warren, Donald Trump, Mr, Trump, Harris’s

☆ South Korean court approves arrest warrant for Kakao founder
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: +1 min

A South Korean court approved early on Tuesday a prosecution request for a warrant to arrest Brian Kim, the billionaire founder of tech giant Kakao Corp, on accusations of stock manipulation during a 2023 acquisition. It is the latest legal twist for Kakao after the company and an executive went on trial last year for alleged wrongdoing during the same acquisition. Prosecutors say Kim was involved in manipulation of the stock price of SM Entertainment in February last year to hinder a competitor, Hybe, from acquiring the K-Pop agency. Not yet formally charged, Kim has denied the accusations, saying he has never ordered or tolerated any illegal activity, the company said in a statement. The high-profile tech entrepreneur is the largest shareholder of Kakao Corp, with a stake of 24% controlled by him or affiliated entities.

Persons: Brian Kim, Kim Organizations: Kakao Corp, Prosecutors, SM Entertainment

☆ Founder of South Korea’s Kakao arrested for suspected stock manipulation
▼ + stars: | 2024-07-23 | by ( ) edition.cnn.com time to read: +2 min

Seoul, South Korea —The billionaire founder of South Korean tech giant Kakao Corp, Kim Beom-su was arrested on Tuesday on accusations of manipulating stocks during the acquisition of a K-Pop agency last year. The case is the latest legal twist for Kakao, which runs South Korea’s largest chat app, after the company and another executive went on trial last year for alleged wrongdoing during the same acquisition. Any case against him could jeopardize Kakao’s investments into artificial intelligence as well as its overseas expansion plans, industry experts said. The high-profile tech entrepreneur is the largest shareholder of Kakao Corp, with a 24% stake that he and affiliated entities control. Kakao Corp shares dropped 3.4% during morning trade to the lowest since November, after falling 24% year-to-date.

Persons: Kim Beom, su, Kim, Brian Kim, Jakub Porzycki Organizations: South, Kakao Corp, Prosecutors, SM Entertainment, Seoul Southern, Court, Detention, KakaoBank Corp Locations: Seoul, South Korea, South Korean, Korean, Kakao

☆ Live Election Updates: Harris Hits Trail With Delegates, Cash and Energy at Her Back
▼ + stars: | 2024-07-23 | by ( Nicholas Nehamas | Chris Cameron | ) www.nytimes.com time to read: +11 min

The prosecutor-versus-felon approach may appeal to undecided voters who had been sour on both Mr. Trump and President Biden. Mr. Trump, for his part, has been trying to soften some of his harshest rhetoric about seeking vengeance on his rivals ahead of the general election. In the case of Ms. Harris, the contempt is displayed both in public and private. Since then, Mr. Trump has attacked her savagely, particularly when she became Mr. Biden’s running mate in 2020. On Sunday, Mr. Trump, who has insisted he would debate Mr. Biden anytime and anywhere, appeared to try to change the terms of the second debate.

Persons: Donald J, Trump, pollsters, Harris, Biden, Letitia James, Fani Willis, fraudsters, cheaters, Donald Trump’s, Kamala Harris, Erin Schaff, Angela Merkel, “, Carol Leonnig, Philip Rucker, Mr, ”, Barack Obama, Ms, Lauren Leader, Hillary Clinton, Trump’s, Daniel Acker, Karoline Leavitt, Harris “, Joe Biden, Kamala, Joe Biden’s, Neil Newhouse, Biden’s, she’s, Mike Pence, Biden’s frailties, Jessica Mackler, Donald Trump Organizations: Democratic, Trump, Trump . Credit, The New York Times, Washington Post, Fox News, Publicly, The New York, Mr, Republican, Trump University, ABC, Republican National Convention, National Republican Senatorial Committee, Senate Republicans Locations: New York, Georgia, San Francisco, California, “, Trump ., Iowa, Michigan , Pennsylvania, Wisconsin

☆ Trump’s New Rival May Bring Out His Harshest Instincts
▼ + stars: | 2024-07-23 | by ( Maggie Haberman | Jonathan Swan | ) www.nytimes.com time to read: +1 min

Donald J. Trump and his political team spent nearly two years tailoring a campaign to defeat an old white male president who is conspicuously frail and who most Americans had told pollsters they doubted could handle another four-year term. Suddenly, Mr. Trump faces a starkly different opponent: a vice president who is a Black woman, nearly 20 years younger, and who brings her own strengths and weaknesses but who adds new uncertainty into what had been a remarkably static race. Allies of Ms. Harris have already telegraphed that she will run a campaign framed around a “prosecutor versus felon” theme, highlighting her experience as a prosecutor and underscoring the fact that Mr. Trump has been indicted in multiple jurisdictions and convicted of 34 felonies. The prosecutor-versus-felon approach may appeal to undecided voters who had been sour on both Mr. Trump and President Biden. It may also goad Mr. Trump, who reacts strongly to criticism, into resurrecting the language he has used against other Black female prosecutors, such as Letitia James in New York and Fani Willis in Georgia, both of whom he has called “racist” and attacked in personal terms.

Persons: Donald J, Trump, pollsters, Harris, Biden, Letitia James, Fani Willis Locations: New York, Georgia

☆ Ex-Military Police Officer Sentenced to Prison for Role in Capitol Riot
▼ + stars: | 2024-07-23 | by ( Ed Shanahan | ) www.nytimes.com time to read: +1 min

A former Army National Guard police officer was sentenced to two and a half years in prison on Tuesday after admitting that he pepper-sprayed law enforcement officers, while a mob of former President Donald J. Trump’s supporters stormed the U.S. Capitol on Jan. 6, 2021. He surrendered two days later, and in April he pleaded guilty to assaulting, resisting or impeding officers during the Capitol riot, federal prosecutors said. Judge James E. Boasberg of Federal District Court in Washington, D.C., also sentenced Mr. Yetman to 18 months of supervised release and ordered him to pay $2,000 in restitution. Prosecutors had sought a 45-month prison term; Mr. Yetman’s lawyer, Nicholas D. Smith, had asked for 17 months. Mr. Smith declined to comment on the sentence.

Persons: Donald J, Trump’s, Gregory C, James E, Yetman, Prosecutors, Yetman’s, Nicholas D, Smith Organizations: Army National Guard, U.S, Capitol, Guard, Court, Washington , D.C Locations: Helmetta, N.J, New Jersey, Federal, Washington ,

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